Subsequent Events |
9 Months Ended | ||
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Sep. 30, 2021 | |||
| Subsequent Events [Abstract] | |||
| Subsequent Events |
The Company has evaluated subsequent events and has determined that no adjustments or additional disclosures are necessary to the amounts reported in the accompanying Unaudited Condensed Consolidated Financial Statements, except as disclosed below: Redemption of EIB Warrants On October 18, 2021, EIB submitted a notice of cancellation for the remaining 775,966 EIB warrants (Tranche B). The valuation for settlement of these warrants is based on the VWAP 20-day trading price method as of October 14, 2021, as stated in the notice of cancellation. The settlement amount is EUR 7,595. Tranche A of the EIB Warrants, in respect of which EIB submitted a notice of cancellation on September 24, 2021 (Note 6), and Tranche B of the EIB Warrants were canceled in full in exchange for a total cash amount of EUR , which was paid to EIB on November 8, 2021. Upon settlement of the warrants, the cash collateral of 12,801 $
will cease to be restricted. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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